Ca'Zorzi, Michele (contributor); … - 2005
European Central Bank working paper series 30
JEL classification: E52, E58, F33, F40.
Keywords: Balassa-Samuelson … characterises
catching up countries (by reviewing the Balassa-Samuelson e�ect) and (ii)
the positive impact of currency unions on …
as the Balassa-Samuelson e�ect), but only on the variances and covariances
of supply shocks. We also show that, if the …